$250 million in futures positions liquidated in 12 hours, 71% shorts
- —A total of $250 million was liquidated, of which shorts were $178 million (71.2%)
- —ETH liquidations were $111 million, BTC $59.6 million
- —ETH and BTC accounted for 68.2% of all liquidations
- —Shorts liquidated were 2.5 times more than longs
Why it matters: The mass closure of shorts points to a sharp price rise and a possible short squeeze, amplifying market volatility.
Source: TokenPost